of sandstorm gold is next. >>> later, smart speculation, as science and technology converge, ground-breaking developments in medicine continue to emerge. cramer's zeroing in on one biotech speck that could be on the verge of a major move. all coming up on "mad money." >>> don't miss a second of "mad money." got @jimcramer on twitter. have a question? tweet cramer at #madtweets. send an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a s

that they're not? >> the knee jerk reaction is science and math. in fact, president obama last night said, hey, i'm going to hire 100,000 more science and math teachers. great, but that's not right. you know, i did some surfing around. i hope you have the graphic. i found the admission test to m.i.t. it looks like the same s.a.t. or a.c.t. test we all took in a algebra and high school. if you look at the date on the test, it's from 1869. what was it back then they wanted kids who knew how to do equations? in 1870, the brooklyn bridge started construction. we're still teaching, 140 years later, the same curriculum to use to build bridges. we don't build bridges anymore. >> they probably adjusted their curriculum to meet demand. it's a shocking concept, right? >> right. >> i guess if i'm hearing you right, to mandy's point, we should be teaching software programming, health care, right? not math for trees and the sport of spectating, whatever the hell that was. >> all the above. you know, the thing in the '50s and '60s, it was about languages. we all wanted our children to aspire to be

exclusive with the ceo of sandstorm gold is next. >>> later, smart speculation, as science and technology converge, ground-breaking developments in medicine continue to emerge. cramer's zeroing in on one biotech speck that could be on the verge of a major move. all coming up on "mad money." >>> don't miss a second of "mad money." go to @jimcramer on twitter. have a question? tweet cramer at #madtweets. send an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ >>> i'm always telling you you need to own some gold. that's been real good advice, given the tremendous breakout the pr

machines that rec any previous patterns. inned end, what steams me about the stack market science, is the false sense of security. as we got through the difficult month of september and now we are fine. that is really helpful. until it turns bad, here is the bottom line, the problem with these patterns is that they help until they don't. they give you comfort until there is no reason for it. my advice, ignore the calendar, do the homehomework. a broken stock clock, write twice a day. bill, here is bill. >> cramer from ohio the football hall-of-fame. >> number two belongs but he never made a super bowl so go ahead. >> talking about mpc a company that is poised to take advantage of opportunity crews. >> what do you think? >> i agree. i think it is a terrific situation. they he don't understand about the balkin and the eagle firm. and mpc is a winner in that situation and not a loser. let's go to robyn in california. >> hi, jim. booyah i read that arising christmas shopping is expected this year. mattel or other kid oriented stocks, whether they rise during the holiday season and ba what you

exclusive with the ceo of sandstorm gold is next. >>> later, smart speculation, as science and technology converge, ground-breaking developments in medicine continue to emerge. cramer's zeroing in on one biotech spec that could be on the verge of a major move. all coming up on "mad money." >>> don't miss a second of "mad money." got @jimcramer on twitter. have a question? tweet cramer at #madtweets. send an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit.

taking the call. love your show. computer sciences. >> this is a company i don't recommend stocks on a take overbasis. i don't like the fundamentals at sce. let's go to greg in new hampshire. greg? >> caller: jim, big boo-yah. >> hey, greg. >> caller: how do you like questcor? >> you can't. now they added this dividend and that's terrific, but they were not as -- let's say they really made you feel great about the situation before they should have. how about that? let's go to sam in missouri. sam? >>. >> caller: jim, thank you for taking my all. osur. >> everyone is selling it off now because the drug is selling and no one is selling. all the anticipation is going. i like the stock at 10. i think it's cheap. let's go to robin in california. robin? >> caller: hello, jim. diagoe. >> if that come downs, that's the danny walker family and they're doing quite well. >> caller: hey, jim cramer, i wanted to wish you a big boo-yah. >> thank you, same. >> caller: i want to know how do you feel about esrx? >> express scripts, that merger -- >> buy, buy, buy! >> that stock doesn't come in. when it

care is always in vogue, science is making more safer medicines and we have a tremendous number of diseases to which we don't have good therapies, i would say health care investing is a very durable theme. >> and the smoke has cleared at this point, right, from the affordable care act, so-called obamacare? >> we have the edits if you will from the supreme court ruling. and i think what stands to be determined now is which way does the presidential election go. so the consensus you view obviously is that obama will win. and if that occurs, the reform as essentially written will go into place. if romney/ryan win, i think all bets are off. >> so if romney wins, you have to change your investment thesis and your ideas for what stocks could work in a romney administration? >> no, not really. you've had me on the program several times and i consistently try to talk about did your only investment themes. and that's one category is innovation, that's important new medicines for grieve vus illnesses. and another theme that will be with us regardless of who the president is and who controls

in a modest apartment. as a boy, he always showed strong abilities in math and science. he was even the science student of the year at the university of illinois. but after his adoptive mother passed away, ellis oon dropped t of school and headed to california with little money in his pocket. his skills were quickly recognized. he helped build the first ibm compatible mainframe system. in 1977, he and two of his colleagues broke off and started a company that would eventually become oracle. ellison took the company public in 1986, already a billion-dollar enterprise. now a $100 billion company, his mystique has grown as a billionaire who lives on the edge. he's made shareholders nervous while suffering body blows from mountain biking and surfing. he won a yacht race in sidney overcoming hurricane-strength winds that sank five competitors and drowned six participants. some have speculated he's the inspiration for the tony stark character in "the iron man" films, with ellison even making a cameo in the most recent sequel. ellison's passion for boating it now focused on the america's c

biggest loser, guys, edwards life sciences. a big revenue miss earlier this week caused the stock to bounce. the fundamentals remain in question. down 18% in just the ten days of the month. bill and michelle, back to you. >> very good. thanks. see you later. >> we're going to talk about how to make money in this market if it does get even more scary next. >> do not touch that remote. we have much more ahead on this spooky wednesday edition of "closing bell." >>> coming up, paperweight. the ceo of international paper explains why his company is increasing its dividend, but will it come at the expense of hiring more employees? >>> plus, voting block? one ceo threat tons fire some of his staff if obama wins re-election. find out why just ahead on the "closing bell." i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. looking for a better pla

being, today, focus on medical devicemaker edward life sciences, the stock looking sickly after cutting the forecast the third quarter. jb, worst performer in the s & p. chart tellingst the story, down 10%. >> a really good company and i think a teachable moment because this is one of those situations where you have a great company but a really bad time to own it. for people looking at this, buying opportunity you catching a falling knife. this stock belongs somewhere in the 70s based on fundamentals and technicals. what happened here is very simple. the company blamed everything, a kitchen sink type of warning. the most notable thing they blamed was austerity cut backs in europe are limiting the amount of the heart valve procedures and your honor about 32% of their revenues in the first half of this year. there is some big competition coming into the heart valve space from boston, from st. jude. i think the stock finds its legs somewhere in the mid-70s. i would not be involve at this point. >> nbc universal's healthy week coverage continues at healthy week.cnbc.com. >>> in the

standout stock, gilead sciences is up 70% year-to-date, ubs has it as its top large tech biotech pick, it's attractively trading to a discount to the biotech sector, biogen up 50% in the past year thanks to its strong earnings performance and anticipation riding behind its multiple sclerosis drug bg12 which could get approval by year's end. another is buyout speculation. the firms are on the hunt for under the radar biotech firms, bristol-myers among others making big bets. andrew you've been following that as well. >> thank you for that report. lot of beta. see if there's any alpha. >>> in the next hour of "squawk box" former ubs american chairman robert wolf will join us to talk financials, jobs and the election, mr. obama's favorite banker. and later health care, a major issue for americans in the presidential candidates, the coo of mt. sinai, ken david, is going to join us. a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. if we want t

standards, improving how we train teachers. now i want to hire another thousand math and science teachers and create 2 million more slots in community colleges so people can get trained for the jobs out there right now. and i want to make sure that we keep tuition low for our young people. when it comes to our tax code, governor romney and i both agree that our corporate tax rate is too high. so i want to lower it particularly for manufacturing. taking it down to 25%. but i also want to close loopholes that are giving incentives for companies shipping jobs overseas. i want to give breaks to those investing in the united states. on energy, we both agree we've got to boost american production. oil and natural gas production are higher than they've been in years. but i also believe that we've got to look at the energy sources of the future like wind and solar and biofuels and make those investments. now, all of this is possible. in order for us to do it we'll have to close our deficit. one of the things tonight we'll discuss is how do we deal with our tax code and make sure we're re

work both ways. life sciences said look we have to report earnings. the stock is down 21% today. the market does punish the most amount of people. i think you got to go both ways and that might sound odd for a hockey player. >> in terms of the move we are seeing in alcoa and/or yum brands did the options market predict it? >> first thing i would say it is pessimistic on both names. the first out of the money put in both cases. we saw about 3 1/2 times for alcoa. there is definitely skepticism there. there wasn't a lot priced in because alcoa doesn't do a heck of a lot on earnings. even when the news is done it is absorbed as meadiocremediocre. i think the size of the move was in line. the sentiment going into most of the earnings seems to be fairly bearish. >> let's bring in the editor of the bloom, boom and doom report. he joins us on the fast line. it is always a pleasure to speak with you. >> my pleasure. >> for our viewers who didn't catch your last interview you said i just want to have a lot of cash because i think within the next six to nine months we can buy just about anythi

guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> i wants to introduce you to one of the highest yielding companies left in this market. even if you're hitting a 52-week high today, npw who owns properties ai

other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. you. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. >> tell us how it works and what the scores r. >> basically, four jobs that you can fill. one is treasury secretary, arguably the most important in an economic team. the fed chairman, which someone might have a chance to replace ben bernanke with next year, the national economic council director, which is basically the white house chief economic adviser and wildcard, wildcard would cob office of management and budget exchief of staff or favorite idea is budget czar, mr. mayor, michael bloomberg, who scored high on that. so you can -- >> all three of ours, former bosses, by the way, michael bloomberg was at once all three of our bosses. >> exactly. maybe we are bias. >> clearly hires good people an

with it. >> pop for edwards life sciences up 3%. >> it was a drop yesterday. i think it was a drop that was unjustified to the extent of a huge volume day yesterday. there was a revenue miss but not enough to justify the kind of stock price we saw on the down side. pop today and i think it pops tomorrow. >> drop for monster beverage. >> it was a neutral today. this is a volatile stock. i would stay away from this. >> a drop. >> tesoro beaten on the back of chevron. in california the ag is being urged to block one of their takeouts or another refinery by bp. i think it is a little bit political at this point. >> pop for true religion up 22%. >> the two most beautiful worlds, strategic alternatives. they are reviewing them. this might include a sale. citi group said they see a range of $32 to $35 a share. >> we have a pop for hobbit currency. hobbit currency new zealand is banking on publicity to celebrate the release of the first movie in the hobbit trilogy. the government is issuing legal tender hobbit currency and the value of the coins is no fantasy. some are worth more than 3,000 u.s

able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >> was today's rally the real deal or just a big head fake? crew despite a $3 courtesy of turmoil in the never-ending powder keg that is the middle east. if you look back, the price of oil has just been crushed. $10 a barrel. what's right, today's surge or last month's selloff? tonight we're going off the charts to answer that question with the help of carley garner, author of a traitor's first book on commodities as well as a senior analyst and my colleague at the street epi become more impressed as i read garner's stuff regularly. garner has an interesting theory so to see where

science. it's just common sense. from td ameritrade. n you take a closer look.... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> in dividends we trust. even if the economy gets stronger and you expect the feds to start tightening. that is why tonight we are checking up on a group of stocks that are renowned for beautiful yields. the real estate investment trusts. why? consider the ishares dow jones real estate etf. you can't decide on a single reit so you buy the whole cohort instead. it is up 12.9%. but in the last few weeks, we have been worried because this has been body slammed. we want to know if this is a garden variety pull back or the start of something worse. tonight we are going off the charts to figure out if the real estate investment stakes are done. he is a brilli

have a daily science segment. >> this is the week of the nobel prize. >> bill nye the science guy. >> i'm looking forward to the nobel peace prize. god know what is those guys will do this year. did you see that incredible girl in pakistan who kept going to school. you would think it would be -- not someone who goes to the academy awards that year, like al gore. he's picking up the nobel prize, also going to the academy awards. maybe somebody who couldn't go to the academy awards because they're in prison, a dissident somewhere might be a better one. they already gave one to obama. maybe he can get a second one, a peace prize. do you think? >> unlikely. the ftc -- >> has anyone ever won two? >> that i don't know. >> maybe arafat. >> he'll look it up. >> he won one. >> i know. that's why i was laughing. >> jimmy carter needs another one. built another house. go ahead. >> he doesn't have a role in "argo" but he's part of the story. >> maybe ben affleck. >> you think ben affleck? >> he hasn't won an oscar? or did he win one for "gigli"? >> what about "good will hunting"? >> i think t

done ever since the 1940s. >> basic science. you don't want to pick winners and losers in the companies that are going to survive. national science foundation obviously. >> good loan guarantees can be targeted. there are many ways to do things. one of the things that arianna has been discussing and i've found very compelling is this notion that we should provide opportunities and channels for national service in a variety of industries. this is something industry could do. i've been very involved with teach for america but you could have not only a teacher's corps, you could have medical corps, you could have financial services corps of young people coming out of college, having trouble finding a job but with industry associations, companies saying we're going to create interns and a service program where people can work for a year, maybe two years, learning a trade, learning a profession, whether they're trying to do legal services for america or financial services for america, or health or for that matter engineering, encoding, i think there are many ways for the private sec

. edwards life sciences, today it is being crushed. >> if you talk about big talkers, this thing is screaming pain, as a matter of fact. down almost 20%. cut the outlook by 30 million in sales. sales of heart valves hurt by the eurozone and slower u.s. growth. think heart sales would go up given what is going on in the eurozone. what is troubling herb, in your wheel house, as late as july 24th, guided to a certain number, now just a couple months later, guiding down, clearly had almost no visibility. >> this is transcatheter, the transcatheter approach to the heart valve, put it in without busting you open. that makes it more difficult to sort of look at because it is such an important product. there is also competition on the horizon. there's -- i know people actually coming in, buying at this level, they feel they are willing to take that falling knife because they believe down the road there are some analysts who believe this thing is just a blip notice history. >> my father had a new heart valve put in and choice of mechanical, goes click, click, click when you are lying awake a

of job creation that is better than most states. we have in our science and technology sector, very strong sector growing, life science, biotech, i.t., professional services, health care with johns hopkins and others. >> governor? >> yes, sir. >> we had already, when the president proposed the american jobs act, we had already been over letting the bush tax cuts expire just for the rich, and keeping them for people less than 250. we had already had that argument three or four times and it was clear from the composition of congress at the time that the president put forth the american jobs act that there was no way that was going to happen. so letting it, where that was going to be a provision in the american jobs act was pure political posturing and in no way, he knew there was no way that that was going to pass. i just take issue with you saying that this was all republicans saying that they weren't going to, they were going to make sure the jobless rate was much higher. he knew full well that he could back them into the obstructionist corner by saying that we're definitely going t

isn't rocket science. it's just common sense. from td ameritrade. >>> as we wrap this up, let's look at realistic solutions, high frequency trading not likely to be banned any time soon what is the real answer? >> i think you have to go back to the foundation of the problem. won the exchanges went from nonprofit to profit, they did what all do tried to increase revenues and make their biggest customers happy. you can't mutt them back and make them nonprofitable. what you can do is regulate the order types and simplify the order types, tell them, look, whatever order types are available for algorithms, they have to be available in some man tear a broker to offer to the individual investor. just completely simplify, roll back all the different order types, don't let them introduce a new order type unless it is a value to the individual investor. wall street is supposed to be a platform for investing, not a platform to name hackers to come in and use it to their advantage and that's exactly what's happening. >> mark, wither grateful for your time today, thanks so much for participating

guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. two years ago, the people of bp made aand every day since,ulf. we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in f

, like each other, which isn't rocket science. it's just common sense. from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> beer's going to have the fed minutes right at the top of the hour. then we're going to look at how big ben, the puppet master, pulls the strings behind the scenes of the central bank to get what he wants. >>> we're also going to take a look at the real jobs killers in america. we debate whether safety nets are really anchors on our economy. >>> what our kids should really be taught for all that money. lots of things coming up on street signs. back to "power lunch." >>> jamie dimon was one of wall street's heroes during the eco

, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. i'm sharon epperson at the nymex. gold closing right now right where we started the week. gold prices closing just around $1,780 an ounce. we're down $14, $15 on the session. of course the fact that we got a better than expected jobs number means that we probably won't see quicker stimulus, though there may not be much change to what the federal reserve has already laid out in terms what have they're doing with monetary easing. gold prices this week have come close to the $1,800 level but have been unable to close above that mark. last week when china's back in session and we have geopolitics on the horizon, it could be a different picture. keep your eye on south africa in terms in palladium and platinum. back to you. >>> check out these gas prices. they're averaging about $3.80 a gallon pretty much across the country. but imagine this -- what if the u.s. started running low on gasoline? in parts of car crazy, california, my old home, that's become a reality and prices are indeed soaring. jane w

straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> about five minutes to go until the closing bell right now. dow jones industrial average just off the lows. we were up earlier but gave up most of the gains. nasdaq has been in negative territory for a while. time for the closing countdown. >> david is back with us. also with us is kenny from i-cap. good to have you here. >> pleasure. >> poof, all the excitement about the jobs report just gone. >> we had the initial rally this morning, the euphoria. >> why? >> it's friday afternoon. i think the markets had the great move. people are suspect of the number. so they took money off the table. i think it makes perfect sense considering next week is earnings season. we're going to start off in earnest and see how it goes. we're prepared for a less than stellar earnings report. i think the market is tired. >> you think now we're going to have a tough time into the elections? there are a lot of people who think going into the elections with gove

, which isn't rocket science. it's just common sense. from td ameritrade. >>> finally today, my observation, last night the president coined a new term when making his case listen to this. >> are we going to double down on the top down economic policies are do we embrace a new economic patriotispatriotism. >> that is right. somehow the president thinks paying as much as congress is demanding is patriotic. the president also forgets the highest earners already pay most of the taxes in this country. the truth is that many of the wealthy would pay more if they thought that it was spent better. case in point. the highest profile of course be ing cilindra. many americans learned last night that taxpayers are subsidizing pbs is that money well spent when we are facing so much debt? saying that the higher taxes on the well this he alone won't move the needle and even with that, everyone will need to pay more in taxes. that would be economic patri patriotism. it was a good day on wall treat. the dow jones still up 80 points today. finishing at 13575. and the s&p 500 tonight finishing at

things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back to the "halftime report". take a look at the chart, apple down 2%. loss of the day for this stock. it's breaking through the 50 day moving average and keeping going lower. also seeing potentially some technical selling here in the name. also want to point out samsung may have better than expected earns. you may be seeing selling pressure. guys back over to you. >> galaxy doing better than folks expected. pete, what would you do here? >> i still think it's an opportunity. i love apple. i think it's selling off for the wrong reasons. still sticking with 49 million sales as far as the iphone. i respect him. he's been dead right many times now. and he even includes the fact it's a 13 week not a 14 week quarter. but he says one caveat if the supply chain is strained then those numbers have to be readjusted. >> b.k., what do you think? >> i also like apple here but it has to hold 650. not only for apple but i think for the market. this is the leader of the mark important t

science. it's just common sense. from td ameritrade. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> welcome back. it's time for our top three trades. morgan stanley upgrading net flirks to overweight. ama stone isn't a direct threat. the stock up 30% in one week. the one week since whitney and he looks pretty good when he looks at this one. came on the show and said he was long it again. >> up and i talked about it last week. we said 75 before 50. let me freshen that up. i see 80 before i see 64. i think a lot of the fundamental turn you saw it in the customer satisfaction, that's present but additionally we talked at the beginning of the show about negative revisions. in the last month there's bean 21% overall negative revision for netflix for the second quarter 71%. fol

be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> the markets are truly sandwiched between politics and the economy. the debate last night, a lot of data today and tomorrow including the jobs number. and the opening bell. the s&p 500 at the top of your screen over the big board, steelcase, maker of business furniture. you might be sitting on some right now, celebrating its 100th anniversary over at the nasdaq. net element international, a mobile commerce and payment processing company celebrating its ipo today. and jim, there have been several of those, although, as we saw from lifelock, not all of them going the way the companies had wished. >> no, it's interesting, this company that's becoming public, it is a terrific household name. they make a lot of plastics that we all use, hard plastics is really their major initiative. plastic uses a lot of natural gas, which means that the margins should be going up. nobody cares. >> yeah, it priced below the range. bery is the ticker. it debuts here on the sto

out on this one. you think of people like steve balmer, jim cramer. >> but there is science behind this. >> more testosterone. >> it's the testosterone that kills the hair. you're more aggressive. you're an aggressor. >> how do you keep your hair? >> if zucker was still -- i would be nicer, he has a full head of hair so i'm not afraid right now. if some guy who is unfortunately is bald happens to end up in a powerful position, it's not because of being bald, it's in spite of being bald. toupees look like crap. you can't buy a decent toupee. >> rarely bald anymore. maybe works in business, not in politics, i don't know. kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i us

university of science and technology. very much appreciate your thoughts. let's give you a look at what's on the agenda in asia tomorrow. japan central bank begins its two-day policy meeting. the boj is likely to stand pat this time around but may signal more stimulus on the 30th of october. elsewhere, india posed september services pmi following strong numbers in august and cnbc will have an exclusive interview with malaysia's prime minister, so be sure to tune in for that. >>> back over this side of the world, business activity in the eurozone shows no sign of a rebound. the latest composite pmi figures for september fell to the low nest three years. france and spain saw a mild contraction as the country struggled with painful austerity measures. >>> meanwhile, growth in britain's sector services slowed in september. services pmi fell to 52.2 last month down from a reading of 53.7 in august. joining us now discuss is chris williamson, chief economist at market. good to have you onboard. i want to start out with the uk numbers because we've seen some move in the sterling dollar. we're no

him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> here we are getting ready for the opening bell on wall street, just about a minute away. one stock that will be in focus today, as it is every day, apple. yesterday it broke the 50-day moving average to reach 10% down correction territory technically on apple but it did come back and it was on heavy volume. >> there was a battleground yesterday and scott wapner's unbelievable show, is this -- can apple keep going, slice through 623, i know down 10% i thought we issued a bulletin saying down 10%. we don't care anymore. if you want to own it for investment you can do it. this is controversial, doug cass saying this is wrong, i remain convinced when we see the apple iphone numbers we will be impressed, not depressed. >> so own it before the quarter. >> speculation about an ipod mini going out as early as this weekend. it has lagged the s&p by 600 basis points since august. >> that's a tremendous disparity, when you say look, i believe in t

guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> four years after the financial crisis overrun by regulation, is wall street still rolling the dice when it comes to risk taking? we are reporting on the game of risk at america's biggest banks all day, and this time around how citigroup attended a turn-around after $60 billion in unforeseen mortgage losses severely damaged the bank. kate, i understand you spoke with citi's cro, brian leach. >> that's right. what he's done is interesting, if any bank had become a poster child during the crisis, it was is your honorly citi. they lost $60 billion due to ill-conceived mortgage investments. this put the bank out of business prompting multiple tax bailouts, which i'm sure you remember. he overall liquidation of capital investments. he's replaced 11 of 13 people who reported to him when he first took the job. he's also added a hong kong base, which they haven't had before. he made it so the bank can engage risk exposure around the world by product,

the brand science. >> you look at the proportion of the earnings to the brand. put a number on how important is this brand to the economic power of the company. >> i'm saying now revealing it, why is coke number one and not apple? >> coca-cola, i mean, one thing about brands is that they are not just a measure of what's going on now. they are a view into the future as well. the thing about coca-cola that you can't deny, 100-year-plus history of consistently delivering great product and relevant brand to people. apple -- as far as apple is concerned, we know they're doing great right now, but there's concerns about what might happen in the near future with the loss of steve jobs. >> i understand why you're so focused on brands, because brands is what you do. you advertise companies. they pay you money to make their brand bigger. actually in a world in which we're connecting over the internet where i care if my coffee maker is purchasable on amazon rather than the brand of that coffee maker is what you do for a living becomes less relevant? >> i'd say it's more relevant. there's such

? >> i'll jump in first on that and say it's already here. so the idea that we should wait for the science to get better, i think, is just, it's too late for that. so the cat is already out of the bag. the question is what do you do now that it's in the courtroom. well, we have dualing experts. we have judges sitting in a gate keeping role who have to decide whether or not the evidence should be admissible and whether it should be permitted in a case. my view is that the more evidence that we can provide to a scrr or to a judge -- jury or to a judge in their decision makings, some objective evidence, some evidence to bolster things like a diagnosis of schizophrenia or i.q., all the better. at the same time we need the critics in the courtroom explaining the shortcomings of the science so that we don't have false evidence that is introduced or undue reliance on science that isn't quite there yet. my preference is recognize it's already there, but make sure that we have robust discussions about the validity of the science before people buy into it too much. >> yeah, i would just add that i b

disinterested in science, as expressed by the under- performing grades of our students in science classes, what is behind that? is it possible to arrest that development? >> there is a concern up and down the chain in the country, and part of it is, yes, we have to get people interested in science from a young age. i get questions from seven-year- olds, which is really exciting. it turns out that people are signing up to be engineering and science majors, but by the time they have graduated, they have dropped. why? what is going on? is it too hard? there is a lot of studying going on there. tavis: this belief, my word, not yours, but this does belief that many americans have one science tells us -- but this disbelief that many americans have on science -- what is behind this abiding disbelief? >> i happen to believe is a matter of not watching enough science television. tavis: [laughs] >> it is where you live. it is who is doing the teaching. is it really that important? yes. science is research. science is innovation. it is our ticket to every business interest. it is our ticket

between how science deals with this question and how lawyers deal with this question is that you actually get a fundamental disconnect between the two systems. so you mentioned that lack of emotional control or lack of ability to control your preferences might lead to insanity, but, in fact, in most jurisdictions as you know, that's not true. after hanky was acquitted under the american law institute test because he could not control his behavior, congress in most state jurisdictions changed the law, got rid of the lack of emotional test, the a.l.i. test and now in most jurisdictions, the nontest requires that you demonstrate that you can't distinguish right from wrong. so now we have, and again, the law uses science for the law's own purposes, but what is problematic here is the disconnect. from the criminal side, if you lack emotional control, you go to prison because you can't win under the test because the test doesn't apply. when you walk out of prison and you lack emotional control, you get civilly committed. so what we have is a fundamental disconnect between how we view p

he heard that gurdon was interested in doing science and that this was a completely ridiculous idea because there was no hope whatever of my doing science and any time spent on it would be a total waste of time, both on my part and the part of the person having to teach him. so that terminated my science at school. >> he wins a nobel prize in medicine, but his high school teacher says he shouldn't bother with science. this is science. he's also now provided a picture of his school report card from 1949, which reads in part, quote, his work has been far from satisfactory. several times he's been in trouble because he will not listen but will insist on doing his work in his own way. i believe he has ideas about becoming a scientist is. this is quite ridiculous. it would be a shear waste of time both on his part and those who have to teach him. then he becomes the first scientistist ever to clone an animal. and that report card is now the picture in the dictionary next to the word pown. stories about people who are bad at science do not always end this way. sometimes people stay bad at

clean energy to space to stem-cell research to name a few. can science stay objective out of politics? alex is co-author of science left behind, feel good fallacies in the rise of the anti-scientific left. welcome. >> thank you for having me on. >> sure. you argue here that for all of the talk about republicans being the enemy of science, anti-scientific rhetoric is a by partisan project. tell me how you came to this opinion that democrats are not necessarily the party of science. >> well, on a whole host of issues, so as you know, on the right the conservatives are wrong on evolution and on climate change, and there's this it media narrative that somehow anti-science believes are unique to the right side of the political spectrum. what i found through reading a lot of science is basically that the left side also has some pet ideas not lining up with the scientific mainstream. for instance, opposition to genetic modification. the california democratic party endorsed this proportion to label food in direct opposition to the american medical association. the anti-vaccine moveme